GST order on IPO expense ITC, total demand of about Rs 5.84 crore

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Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹143.85

prior close

₹143.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+0.9% vs market

Gems Jewellery And Watches peers, median of 29sector+0.1%+0.7% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 0.7 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.2

10m

+0.5

15m

+0.9

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8-0.1+0.9+0.1+0.7

Next day

-0.6-0.7+0.1-0.4-0.1

-1.6-1.0-0.6-0.1-1.4

+0.9+0.0+0.9+0.2+0.7

+2.4+0.2+2.2+0.6+1.8

+4.3+1.1+3.2+3.3+1.0

+5.6+0.9+4.7+3.6+2.0

15d

+11.4+0.8+10.6+8.6+2.8

+7.8-0.8+8.6+5.6+2.3

+4.8+5.0-0.3+16.3-11.6

+48.8+5.0+43.7+14.3+34.5

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Manoj Vaibhav Gems N Jewellers received an order from the Central GST Commissionerate, Visakhapatnam on June 22, 2026, confirming tax demands and equivalent penalties totalling Rs 5.84 crore plus applicable interest. This relates to alleged irregular input tax credit claimed on IPO expenses from FY 2021-22 to FY 2024-25. The company plans to appeal before ADC Appeals, Central Tax, Guntur within statutory timelines and states there is no impact on operational activities.

Likely market impact

Adverse tax order of about Rs 5.84 crore plus interest may weigh on sentiment. Company is appealing, no operational impact stated.